Arthneeti
IH

ISGEC Heavy Engineering Ltd

Q3 FY26Construction

ISGEC Heavy Engineering Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹755
Market cap₹6.1K Cr
P/E53.2
Updated23 Aug 2026
Read4 min read

The short version

Standalone revenue growth guidance for FY '27 is expected at 8%–9% (Page 16). Stand-alone revenue guidance for FY '26 and next year remains conservative at 7%-8% growth; management currently does not plan to revise this (Page 13).

From ISGEC Heavy Engineering Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

- Standalone revenue growth guidance for FY '27 is expected at 8%–9% (Page 16). - Consolidated revenue growth guidance for the current year stands at 7%–8%, with no revision currently planned (Page 15). - Management aims to achieve at least the same or better order booking than the current year (Page 15). - Increased focus on exports with export revenue showing strong growth (28% of total revenues) and efforts to grow export order book in both project and manufacturing segments (Pages 16-17). - Manufacturing business revenue and order book growing, supported by expanded capacities and capex projects aiming for a peak manufacturing revenue of around INR 3,600-3,700 crores (Pages 6, 16). - Private sector order book now comprises 85%, implying shorter cycles and better payment terms, supporting steady revenue growth (Page 12). Overall, ISGEC expects steady single-digit to low double-digit growth driven by diversified sectors, export thrust, and improved order book quality.

Profitability & Margins

See what ISGEC Heavy Engineering Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Approved INR22.6 crores for setting up a new machining facility for Iron castings to enhance quality and delivery, adding about INR20 crores value annually.
  • Increased investment for a new skids and modules manufacturing facility at Dahej SEZ from INR87 crores to INR110 crores to meet higher demand from domestic and export markets.
  • The first phase of the Dahej facility expected completion by March 2027; the second phase by March 2028.
  • Three capex projects in the manufacturing division targeting peak capacity revenue of around INR3,600-3,700 crores, with investments completing between July 2027 and March 2028.
  • These investments support expansion in automobile presses, forging presses, defense presses, and nuclear-related products.
  • Capital expenditure of about INR86 crores (stand-alone) and INR100 crores (consolidated) financed through internal accruals during the nine months ended December 2025.

Top-ranked in Construction

Ranked on what management guided this quarter

5x potential
1Dilip Buildcon
Rev 1Mar 3
2Solarworld Energy Solutions Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what ISGEC Heavy Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Standalone order book as of December 31, 2025: INR 7,649 crores (up from INR 6,461 crores in Dec 2024).
  • Export orders in standalone book: INR 1,629 crores (21% of order book).
  • Consolidated order book as of December 31, 2025: INR 8,709 crores (up from INR 7,334 crores in Dec 2024).
  • Orders booked during Q3 December 2025: Standalone - INR 1,426 crores; Consolidated - INR 1,733 crores.
  • Isgec Hitachi Zosen order book as of Dec 31, 2025: INR 946 crores.
  • Order inflow for Isgec Hitachi Zosen in nine months: INR 601 crores.
  • Focus on export order book growth in both projects and manufacturing segments.
  • Export order share is increasing, nearly 28% of total orders.
  • Private sector orders form 85% of order book; PSU 15%.
  • Expectation to maintain or improve current order booking levels, but exact future numbers not disclosed.

ISGEC Heavy Engineering Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.0K Cr, net profit ₹85 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Continue your research

What ISGEC Heavy Engineering Ltd's management said in earlier quarters

Others in Construction this season

  • NBCC (India) Ltd (Q3 FY26)

    Standalone order book split: ~40% PMC (around INR 45,000 crores), ~60% redevelopment (around INR 67,000 crores). Key concall takeaways from NBCC's Q3 FY26…

  • PNC Infratech Ltd (Q3 FY26)

    5,000 crores, reflecting a 10% decline compared to FY '25. Key concall takeaways from PNC Infratech Ltd's Q3 FY26 earnings call — and how it ranks against…

  • Larsen & Toubro Ltd (Q3 FY26)

    Order prospects pipeline is robust at Rs 5.92 trillion, up 7% YoY, driven by CarbonLite Solutions and Precision Engineering. Key concall takeaways from Larsen…

  • Markolines Pavement Technologies Ltd (Q3 FY26)

    1,000 crores in revenue within the next 3 to 4 years. Key concall takeaways from Markolines Pavement Technologies Ltd's Q3 FY26 earnings call — and how it…

Compare:vs Larsen & Toubro Ltdvs Rail Vikas Nigam Ltdvs Kalpataru Projects International Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were ISGEC Heavy Engineering Ltd Q3 FY26 results?

Standalone revenue growth guidance for FY '27 is expected at 8%–9% (Page 16). Stand-alone revenue guidance for FY '26 and next year remains conservative at 7%-8% growth; management currently does not plan to revise this (Page 13).

What is ISGEC Heavy Engineering Ltd share price analysis?

ISGEC Heavy Engineering Ltd currently shows a neutral. The stock trades at a P/E of 53.2 with a market cap of ₹6,110 Cr. Investors should review the full earnings analysis for detailed insights.

Is ISGEC Heavy Engineering Ltd planning capital expenditure?

Approved INR22.6 crores for setting up a new machining facility for Iron castings to enhance quality and delivery, adding about INR20 crores value annually.

Keep ISGEC Heavy Engineering Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.